U.K. Retail Sales Surge as Sunshine Overpowers Brexit Concern

August 18, 2016 8:48 AM

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U.K. Retail Sales Surge as Sunshine Overpowers Brexit Concern

U.K. retail sales unexpectedly surged in the month after Britain voted to quit the European Union, as hot weather bolstered sales of clothing and footwear and a drop in the pound encouraged tourists to snap up watches and jewelry.

The volume of goods sold in stores and online jumped 1.4 percent, after dropping 0.9 percent in June, figures from the Office for National Statistics showed on Thursday, exceeding a prediction of 0.1 percent in a Bloomberg survey. Sales excluding auto fuel advanced 1.5 percent.

Also read: U.K. Government Resists Pressure to Disclose Brexit Negotiating Tactics

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